Fiscal Note
Private Contract, No City Funds Required.
Title
Authorizing the Mayor and City Clerk to execute a future phase subdivision contract for Village at Autumn Lake, Private Contract No. 1959.
Body
WHEREAS, the Developer, VAL Development, LLC, has received the City of Madison's approval to create the subdivision known as Village At Autumn Lake, and,
WHEREAS, Section 16.23(a) of the Madison General Ordinances requires that provisions be made for the installation of the public improvements necessary to serve the subdivision, and,
WHEREAS, the developer wishes to execute a future phase subdivision contract which will allow the recording of the plat, and,
WHEREAS, as a condition of approval of future phase development, the developer is required to execute a deed restriction restricting the sale or transfer of all the lots in the plat.
NOW, THEREFORE, BE IT RESOLVED, that the Mayor and City Clerk are hereby authorized to enter into a future phase subdivision contract for Village At Autumn Lake with VAL Development, LLC.